Forex Continues Strong Growth Among Retail Investors; Multi-Year Sales Growth Earns GAIN Capital Group/FOREX.com Second Consecutive Placement on the 2006 INC 500 and Deloitte & Touche Fast 50.
The Inc. 500 ranks privately held companies according to year-over-year sales growth, from 2001 to 2004. GAIN Capital Group, Inc., a pioneer in the online forex trading industry, reported three-year sales growth of 386 percent.
In its six years of operations, GAIN Capital has grown from a start up into a global firm with more than 200 employees supporting clients in more than 140 countries. GAIN Capital has achieved 70% annual revenue growth for five consecutive years (FY2000-2005). In the first half of 2006 the firm's growth continued to accelerate, with GAIN posting 100% annual revenue growth over the same period in 2005, and the highest percentage growth since 2002.
GAIN operates FOREX.com, one the top web destinations for retail forex traders. Over 60% of the firm's total trading volume comes from self-directed retail investors trading at FOREX.com. Total trading volume is in excess of $100 billion per month.
"Retail investors are entering the forex market at an unprecedented rate," said Mark Galant, CEO of GAIN Capital Group. "Empowered by a solid regulatory environment and an increased working knowledge of how currency prices impact their equity and fixed income investments, individual investors are now capitalizing on currency movements themselves," continued Galant. The heightened interest is further exemplified by the more than 10,000 retail investors that register each week for a 30-day virtual 'practice account' at FOREX.com. Free to registered users, the practice account allows investors to experience forex trading in a risk-free setting prior to opening an account.
In August, GAIN Capital Group was named one of the ten fastest-growing technology companies in New Jersey according to the Deloitte Technology Fast 50.
About GAIN Capital Group
GAIN Capital Group is a leading provider of foreign exchange services, including direct-access trading and asset management. Founded in 1999 by Wall Street veterans, GAIN Capital Group is one of the largest, most respected firms in the online forex industry, servicing clients from more than 140 countries and supporting trade volume in excess of $100 billion per month. Headquartered in Bedminster, New Jersey, the company operates sales & support offices in New York and Shanghai.
The company operates two full service web portals. FOREX.com (www.forex.com) provides individual investors of all experience levels with 24-hour, commission free trading, lower account minimums and extensive education and training. The company's flagship service, GAIN Capital (www.gaincapital.com) focuses on the needs of professional forex traders, including hedge funds and money managers.
GAIN Capital Group and FOREX.com are registered with the National Futures Association (NFA) as a Futures Commission Merchant (NFA ID #0339826).
In August 2006, Deloitte & Touche LLP's prestigious Technology Fast 50 Program named GAIN Capital Group one of New Jersey's Top Ten fastest-growing technology firms. In October of 2005, GAIN Capital was named to the Deloitte & Touche Technology Fast 500 as the 9th Fastest Growing Technology Firm in North America.
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|Date:||Sep 12, 2006|
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